Infoblox will reduce its workforce by approximately 110 positions, or 12 percent. The US company estimates it will incur total restructuring costs of approximately $6.5 million under the plan, mainly during the fourth quarter of fiscal 2016.
Infoblox says the job cut is to accelerate profitability and position the technology company for long term leadership in DDI and DNS security.
The strategy of Infoblox is to optimize program-based and discretionary spending; revise hiring priorities with a goal to support customer-facing sales coverage while improving overall sales and marketing efficiency; and reduces headcount in higher cost locations and for certain identified positions.
Infoblox CEO Jesper Andersen said: “The actions we are announcing today will make the company leaner and more efficient, and we believe will best position Infoblox to extend our industry leadership.”
Recently, Infoblox acquired IID, a provider of real-time threat intelligence, in a machine readable format, that can be actioned via its DNS servers and security ecosystem partners. The company believes there is significant market opportunity in DDI, DNS Security and Cloud to drive future growth.